Inflation has fallen significantly in the eurozone this year, forcing the ECB to announce a series of measures to head off deflation. So far, though, there is little sign of an end to the disinflationary trend.

Inflation rates have fallen significantly in the eurozone this year and led the ECB to announce, on 5 June, a packet of measures to head off deflationary threats. The jury is now out on how effective these measures will be.